WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb

July 17, 2024

WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb

Oil prices are surging this morning, playing catch up to gold and crypto,

DOE

Crude -4.87mm (-275k exp)

Cushing -875k

Gasoline +3.328mm

Distillates +3.454mm

US crude stocks fell for the third straight week (more than expected)

Source: Bloomberg

This draw dragged crude stocks down to their lowest since February…

Source: Bloomberg

The Biden admin added 650k barrels to SPR last week…

Source: Bloomberg

US crude production remains at record highs while rig counts fell to their lowest since Jan 2022…

Source: Bloomberg

WTI is extending gains after the crude draw…

Source: Bloomberg

Not a great picture for pump prices and inflation?

Tyler Durden
Wed, 07/17/2024 – 10:42

https://www.zerohedge.com/energy/wti-extends-gains-crude-inventories-tumble-lowest-feb

WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb <body> <h1> Array ( [0] => qti extends gains as crude inventories tumble to lowest since feb [1] => ati extends gains as crude inventories tumble to lowest since feb [2] => sti extends gains as crude inventories tumble to lowest since feb [3] => eti extends gains as crude inventories tumble to lowest since feb [4] => 3ti extends gains as crude inventories tumble to lowest since feb [5] => 2ti extends gains as crude inventories tumble to lowest since feb [6] => wri extends gains as crude inventories tumble to lowest since feb [7] => wfi extends gains as crude inventories tumble to lowest since feb [8] => wgi extends gains as crude inventories tumble to lowest since feb [9] => wyi extends gains as crude inventories tumble to lowest since feb [10] => w6i extends gains as crude inventories tumble to lowest since feb [11] => w5i extends gains as crude inventories tumble to lowest since feb [12] => wtu extends gains as crude inventories tumble to lowest since feb [13] => wtj extends gains as crude inventories tumble to lowest since feb [14] => wtk extends gains as crude inventories tumble to lowest since feb [15] => wto extends gains as crude inventories tumble to lowest since feb [16] => wt9 extends gains as crude inventories tumble to lowest since feb [17] => wt8 extends gains as crude inventories tumble to lowest since feb [18] => wti wxtends gains as crude inventories tumble to lowest since feb [19] => wti sxtends gains as crude inventories tumble to lowest since feb [20] => wti dxtends gains as crude inventories tumble to lowest since feb [21] => wti rxtends gains as crude inventories tumble to lowest since feb [22] => wti 4xtends gains as crude inventories tumble to lowest since feb [23] => wti 3xtends gains as crude inventories tumble to lowest since feb [24] => wti eztends gains as crude inventories tumble to lowest since feb [25] => wti ectends gains as crude inventories tumble to lowest since feb [26] => wti edtends gains as crude inventories tumble to lowest since feb [27] => wti estends gains as crude inventories tumble to lowest since feb [28] => wti exrends gains as crude inventories tumble to lowest since feb [29] => wti exfends gains as crude inventories tumble to lowest since feb [30] => wti exgends gains as crude inventories tumble to lowest since feb [31] => wti exyends gains as crude inventories tumble to lowest since feb [32] => wti ex6ends gains as crude inventories tumble to lowest since feb [33] => wti ex5ends gains as crude inventories tumble to lowest since feb [34] => wti extwnds gains as crude inventories tumble to lowest since feb [35] => wti extsnds gains as crude inventories tumble to lowest since feb [36] => wti extdnds gains as crude inventories tumble to lowest since feb [37] => wti extrnds gains as crude inventories tumble to lowest since feb [38] => wti ext4nds gains as crude inventories tumble to lowest since feb [39] => wti ext3nds gains as crude inventories tumble to lowest since feb [40] => wti extebds gains as crude inventories tumble to lowest since feb [41] => wti extemds gains as crude inventories tumble to lowest since feb [42] => wti extejds gains as crude inventories tumble to lowest since feb [43] => wti extehds gains as crude inventories tumble to lowest since feb [44] => wti extenss gains as crude inventories tumble to lowest since feb [45] => wti extenxs gains as crude inventories tumble to lowest since feb [46] => wti extencs gains as crude inventories tumble to lowest since feb [47] => wti extenfs gains as crude inventories tumble to lowest since feb [48] => wti extenrs gains as crude inventories tumble to lowest since feb [49] => wti extenes gains as crude inventories tumble to lowest since feb [50] => wti extenda gains as crude inventories tumble to lowest since feb [51] => wti extendz gains as crude inventories tumble to lowest since feb [52] => wti extendx gains as crude inventories tumble to lowest since feb 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inventories tumble to lowest since feb [67] => wti extends gajns as crude inventories tumble to lowest since feb [68] => wti extends gakns as crude inventories tumble to lowest since feb [69] => wti extends gaons as crude inventories tumble to lowest since feb [70] => wti extends ga9ns as crude inventories tumble to lowest since feb [71] => wti extends ga8ns as crude inventories tumble to lowest since feb [72] => wti extends gaibs as crude inventories tumble to lowest since feb [73] => wti extends gaims as crude inventories tumble to lowest since feb [74] => wti extends gaijs as crude inventories tumble to lowest since feb [75] => wti extends gaihs as crude inventories tumble to lowest since feb [76] => wti extends gaina as crude inventories tumble to lowest since feb [77] => wti extends gainz as crude inventories tumble to lowest since feb [78] => wti extends gainx as crude inventories tumble to lowest since feb [79] => wti extends gaind as crude inventories tumble to lowest since feb [80] => wti extends gaine as crude inventories tumble to lowest since feb [81] => wti extends gainw as crude inventories tumble to lowest since feb [82] => wti extends gains zs crude inventories tumble to lowest since feb [83] => wti extends gains ss crude inventories tumble to lowest since feb [84] => wti extends gains ws crude inventories tumble to lowest since feb [85] => wti extends gains qs crude inventories tumble to lowest since feb [86] => wti extends gains aa crude inventories tumble to lowest since feb [87] => wti extends gains az crude inventories tumble to lowest since feb [88] => wti extends gains ax crude inventories tumble to lowest since feb [89] => wti extends gains ad crude inventories tumble to lowest since feb [90] => wti extends gains ae crude inventories tumble to lowest since feb [91] => wti extends gains aw crude inventories tumble to lowest since feb [92] => wti extends gains as xrude inventories tumble to lowest since feb [93] => wti extends gains as vrude 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since feb [107] => wti extends gains as cr7de inventories tumble to lowest since feb [108] => wti extends gains as cruse inventories tumble to lowest since feb [109] => wti extends gains as cruxe inventories tumble to lowest since feb [110] => wti extends gains as cruce inventories tumble to lowest since feb [111] => wti extends gains as crufe inventories tumble to lowest since feb [112] => wti extends gains as crure inventories tumble to lowest since feb [113] => wti extends gains as cruee inventories tumble to lowest since feb [114] => wti extends gains as crudw inventories tumble to lowest since feb [115] => wti extends gains as cruds inventories tumble to lowest since feb [116] => wti extends gains as crudd inventories tumble to lowest since feb [117] => wti extends gains as crudr inventories tumble to lowest since feb [118] => wti extends gains as crud4 inventories tumble to lowest since feb [119] => wti extends gains as crud3 inventories tumble to lowest since feb [120] => wti extends gains as crude unventories tumble to lowest since feb [121] => wti extends gains as crude jnventories tumble to lowest since feb [122] => wti extends gains as crude knventories tumble to lowest since feb [123] => wti extends gains as crude onventories tumble to lowest since feb [124] => wti extends gains as crude 9nventories tumble to lowest since feb [125] => wti extends gains as crude 8nventories tumble to lowest since feb [126] => wti extends gains as crude ibventories tumble to lowest since feb [127] => wti extends gains as crude imventories tumble to lowest since feb [128] => wti extends gains as crude ijventories tumble to lowest since feb [129] => wti extends gains as crude ihventories tumble to lowest since feb [130] => wti extends gains as crude incentories tumble to lowest since feb [131] => wti extends gains as crude inbentories tumble to lowest since feb [132] => wti extends gains as crude ingentories tumble to lowest since feb [133] => wti extends gains as crude infentories tumble to lowest since feb [134] => wti extends gains as crude invwntories tumble to lowest since feb [135] => wti extends gains as crude invsntories tumble to lowest since feb [136] => wti extends gains as crude invdntories tumble to lowest since feb [137] => wti extends gains as crude invrntories tumble to lowest since feb [138] => wti extends gains as crude inv4ntories tumble to lowest since feb [139] => wti extends gains as crude inv3ntories tumble to lowest since feb [140] => wti extends gains as crude invebtories tumble to lowest since feb [141] => wti extends gains as crude invemtories tumble to lowest since feb [142] => wti extends gains as crude invejtories tumble to lowest since feb [143] => wti extends gains as crude invehtories tumble to lowest since feb [144] => wti extends gains as crude invenrories tumble to lowest since feb [145] => wti extends gains as crude invenfories tumble to lowest since feb [146] => wti extends gains as crude invengories tumble to lowest since feb [147] => wti extends gains as crude invenyories tumble to lowest since feb [148] => wti extends gains as crude inven6ories tumble to lowest since feb [149] => wti extends gains as crude inven5ories tumble to lowest since feb [150] => wti extends gains as crude inventiries tumble to lowest since feb [151] => wti extends gains as crude inventkries tumble to lowest since feb [152] => wti extends gains as crude inventlries tumble to lowest since feb [153] => wti extends gains as crude inventpries tumble to lowest since feb [154] => wti extends gains as crude invent0ries tumble to lowest since feb [155] => wti extends gains as crude invent9ries tumble to lowest since feb [156] => wti extends gains as crude inventoeies tumble to lowest since feb [157] => wti extends gains as crude inventodies tumble to lowest since feb [158] => wti extends gains as crude inventofies tumble to lowest since feb [159] => wti extends gains as crude inventoties tumble to lowest since feb [160] => wti extends gains as crude invento5ies tumble to lowest since feb [161] => wti extends gains as crude invento4ies tumble to lowest since feb [162] => wti extends gains as crude inventorues tumble to lowest since feb [163] => wti extends gains as crude inventorjes tumble to lowest since feb [164] => wti extends gains as crude inventorkes tumble to lowest since feb [165] => wti extends gains as crude inventoroes tumble to lowest since feb [166] => wti extends gains as crude inventor9es tumble to lowest since feb [167] => wti extends gains as crude inventor8es tumble to lowest since feb [168] => wti extends gains as crude inventoriws tumble to lowest since feb [169] => wti extends gains as crude inventoriss tumble to lowest since feb [170] => wti extends gains as crude inventorids tumble to lowest since feb [171] => wti extends gains as crude inventorirs tumble to lowest since feb [172] => wti extends gains as crude inventori4s tumble to lowest since feb [173] => wti extends gains as crude inventori3s tumble to lowest since feb [174] => wti extends gains as crude inventoriea tumble to lowest since feb [175] => wti extends gains as crude inventoriez tumble to lowest since feb [176] => wti extends gains as crude inventoriex tumble to lowest since feb [177] => wti extends gains as crude inventoried tumble to lowest since feb [178] => wti extends gains as crude inventoriee tumble to lowest since feb [179] => wti extends gains as crude inventoriew tumble to lowest since feb [180] => wti extends gains as crude inventories rumble to lowest since feb [181] => wti extends gains as crude inventories fumble to lowest since feb [182] => wti extends gains as crude inventories gumble to lowest since feb [183] => wti extends gains as crude inventories yumble to lowest since feb [184] => wti extends gains as crude inventories 6umble to lowest since feb [185] => wti extends gains as crude inventories 5umble to lowest since feb [186] => wti extends gains as crude inventories tymble to lowest since feb [187] => wti extends gains as crude inventories thmble to lowest since feb [188] => wti extends gains as crude inventories tjmble to lowest since feb [189] => wti extends gains as crude inventories timble to lowest since feb [190] => wti extends gains as crude inventories t8mble to lowest since feb [191] => wti extends gains as crude inventories t7mble to lowest since feb [192] => wti extends gains as crude inventories tunble to lowest since feb [193] => wti extends gains as crude inventories tukble to lowest since feb [194] => wti extends gains as crude inventories tujble to lowest since feb [195] => wti extends gains as crude inventories tumvle to lowest since feb [196] => wti extends gains as crude inventories tumnle to lowest since feb [197] => wti extends gains as crude inventories tumhle to lowest since feb [198] => wti extends gains as crude inventories tumgle to lowest since feb [199] => wti extends gains as crude inventories tumbke to lowest since feb [200] => wti extends gains as crude inventories tumbpe to lowest since feb [201] => wti extends gains as crude inventories tumboe to lowest since feb [202] => wti extends gains as crude inventories tumblw to lowest since feb [203] => wti extends gains as crude inventories tumbls to lowest since feb [204] => wti extends gains as crude inventories tumbld to lowest since feb [205] => wti extends gains as crude inventories tumblr to lowest since feb [206] => wti extends gains as crude inventories tumbl4 to lowest since feb [207] => wti extends gains as crude inventories tumbl3 to lowest since feb [208] => wti extends gains as crude inventories tumble ro lowest since feb [209] => wti extends gains as crude inventories tumble fo lowest since feb [210] => wti extends gains as crude inventories tumble go lowest since feb [211] => wti extends gains as crude inventories tumble yo lowest since feb [212] => wti extends gains as crude inventories tumble 6o lowest since feb [213] => wti extends gains as crude inventories tumble 5o lowest since feb [214] => wti extends gains as crude inventories tumble ti lowest since feb [215] => wti extends gains as crude inventories tumble tk lowest since feb [216] => wti extends gains as crude inventories tumble tl lowest since feb [217] => wti extends gains as crude inventories tumble tp lowest since feb [218] => wti extends gains as crude inventories tumble t0 lowest since feb [219] => wti extends gains as crude inventories tumble t9 lowest since feb [220] => wti extends gains as crude inventories tumble to kowest since feb [221] => wti extends gains as crude inventories tumble to powest since feb [222] => wti extends gains as crude inventories tumble to oowest since feb [223] => wti extends gains as crude inventories tumble to liwest since feb [224] => wti extends gains as crude inventories tumble to lkwest since feb [225] => wti extends gains as crude inventories tumble to llwest since feb [226] => wti extends gains as crude inventories tumble to lpwest since feb [227] => wti extends gains as crude inventories tumble to l0west since feb [228] => wti extends gains as crude inventories tumble to l9west since feb [229] => wti extends gains as crude inventories tumble to loqest since feb [230] => wti extends gains as crude inventories tumble to loaest since feb [231] => wti extends gains as crude inventories tumble to losest since feb [232] => wti extends gains as crude inventories tumble to loeest since feb [233] => wti extends gains as crude inventories tumble to lo3est since feb [234] => wti extends gains as crude inventories tumble to lo2est since feb [235] => wti extends gains as crude inventories tumble to lowwst since feb [236] => wti extends gains as crude inventories tumble to lowsst since feb [237] => wti extends gains as crude inventories tumble to lowdst since feb [238] => wti extends gains as crude inventories tumble to lowrst since feb [239] => wti extends gains as crude inventories tumble to low4st since feb [240] => wti extends gains as crude inventories tumble to low3st since feb [241] => wti extends gains as crude inventories tumble to loweat since feb [242] => wti extends gains as crude inventories tumble to lowezt since feb [243] => wti extends gains as crude inventories tumble to lowext since feb [244] => wti extends gains as crude inventories tumble to lowedt since feb [245] => wti extends gains as crude inventories tumble to loweet since feb [246] => wti extends gains as crude inventories tumble to lowewt since feb [247] => wti extends gains as crude inventories tumble to lowesr since feb [248] => wti extends gains as crude inventories tumble to lowesf since feb [249] => wti extends gains as crude inventories tumble to lowesg since feb [250] => wti extends gains as crude inventories tumble to lowesy since feb [251] => wti extends gains as crude inventories tumble to lowes6 since feb [252] => wti extends gains as crude inventories tumble to lowes5 since feb [253] => wti extends gains as crude inventories tumble to lowest aince feb [254] => wti extends gains as crude inventories tumble to lowest zince feb [255] => wti extends gains as crude inventories tumble to lowest xince feb [256] => wti extends gains as crude inventories tumble to lowest dince feb [257] => wti extends gains as crude inventories tumble to lowest eince feb [258] => wti extends gains as crude inventories tumble to lowest wince feb [259] => wti extends gains as crude inventories tumble to lowest sunce feb [260] => wti extends gains as crude inventories tumble to lowest sjnce feb [261] => wti extends gains as crude inventories tumble to lowest sknce feb [262] => wti extends gains as crude inventories tumble to lowest sonce feb [263] => wti extends gains as crude inventories tumble to lowest s9nce feb [264] => wti extends gains as crude inventories tumble to lowest s8nce feb [265] => wti extends gains as crude inventories tumble to lowest sibce feb [266] => wti extends gains as crude inventories tumble to lowest simce feb [267] => wti extends gains as crude inventories tumble to lowest sijce feb [268] => wti extends gains as crude inventories tumble to lowest sihce feb [269] => wti extends gains as crude inventories tumble to lowest sinxe feb [270] => wti extends gains as crude inventories tumble to lowest sinve feb [271] => wti extends gains as crude inventories tumble to lowest sinfe feb [272] => wti extends gains as crude inventories tumble to lowest sinde feb [273] => wti extends gains as crude inventories tumble to lowest sincw feb [274] => wti extends gains as crude inventories tumble to lowest sincs feb [275] => wti extends gains as crude inventories tumble to lowest sincd feb [276] => wti extends gains as crude inventories tumble to lowest sincr feb [277] => wti extends gains as crude inventories tumble to lowest sinc4 feb [278] => wti extends gains as crude inventories tumble to lowest sinc3 feb [279] => wti extends gains as crude inventories tumble to lowest since deb [280] => wti extends gains as crude inventories tumble to lowest since ceb [281] => wti extends gains as crude inventories tumble to lowest since veb [282] => wti extends gains as crude inventories tumble to lowest since geb [283] => wti extends gains as crude inventories tumble to lowest since teb [284] => wti extends gains as crude inventories tumble to lowest since reb [285] => wti extends gains as crude inventories tumble to lowest since fwb [286] => wti extends gains as crude inventories tumble to lowest since fsb [287] => wti extends gains as crude inventories tumble to lowest since fdb [288] => wti extends gains as crude inventories tumble to lowest since frb [289] => wti extends gains as crude inventories tumble to lowest since f4b [290] => wti extends gains as crude inventories tumble to lowest since f3b [291] => wti extends gains as crude inventories tumble to lowest since fev [292] => wti extends gains as crude inventories tumble to lowest since fen [293] => wti extends gains as crude inventories tumble to lowest since feh [294] => wti extends gains as crude inventories tumble to lowest since feg ) </h1> </body>